š CARDANO (ADA) EXPLODES +12% ā HEREāS A SMART TRADE SETUP! š„š
#DayTradingStrategy #Cardano #CryptoTrading
ADA (Cardanoās native cryptocurrency) just hit $0.72, climbing over 12% in the last 24 hours! Want to catch the next leg up? Hereās a smart, risk-managed trade proposal š
š Whatās Moving ADA?
ā Momentum: Strong upside breakout with rising volume
ā Technical Picture: Price is holding above short-term moving averages
ā ļø RSI (Relative Strength Index): ~55 ā neutral zone, meaning thereās still room for upward movement before hitting overbought levels
ā Next Resistance: $0.84 ā a key level where sellers may step in
š Proposed Trade Setup:
šÆ Entry: $0.714 (bullish flag breakout confirmation)
š Stop Loss: $0.707 (below structure support)
š Take Profit: $0.728 (below resistance for safe exit)
š Risk/Reward: Approx. 1:2
š§ Why this works: Structure + volume + momentum = solid trading edge.
š Wait for confirmation = Look for a strong candle closing above resistance with increased volume before entering. Avoid guessing.
š Monitor closely before entry!
š DYOR